Quick access to loans in Kenya has become increasingly vital in today’s fast-paced economic environment, where both individuals and small businesses often require immediate financial support to manage emergencies, expand operations, or cover unexpected expenses. The rise of digital financial services has significantly transformed the landscape, offering much-needed convenience and speed.
Below are 10 loan apps in Kenya with the fastest approval time that you should consider.
- Branch
Branch is one of the fastest loan apps in Kenya, offering loan approvals in as little as two minutes. It uses mobile money usage and digital footprints to assess creditworthiness, providing loans ranging from KSh 500 to KSh 300,000. The interest rates for loans on Branch range from 17% to 35% annually, making it a reliable option for those needing fast financial assistance.
- Tala
Tala is another top contender for quick loan approvals, with funds disbursed in as little as 10 minutes. The Tala app evaluates creditworthiness using smartphone data and offers loans up to KSh 50,000. Interest rates start at 0.3% per day, depending on the loan’s duration. Tala’s speed and accessibility make it a popular choice among Kenyan borrowers.
Read: 10 Legit Loan Apps in Kenya 2025
- M-Shwari
A collaboration between Safaricom and NCBA, M-Shwari offers rapid loan approval, often within five minutes. M-Shwari provides loans ranging from KSh 100 to KSh 50,000 based on credit history and savings. The effective interest rate for M-Shwari is 9%, including both a loan fee and excise duty, ensuring that funds are disbursed quickly and efficiently.
- KCB M-Pesa
KCB M-Pesa, another product of Safaricom, also offers instant loan approval. With the ability to disburse up to KSh 1,000,000, the KCB M-Pesa app is highly attractive for those needing substantial funds quickly. The best part is that no interest is charged on these loans, making it a cost-effective option for borrowers.
- Okash
Okash is another fast loan app, providing approvals within 10 minutes. The app offers loans ranging from KSh 500 to KSh 50,000 and charges an interest rate of 14% annually. Its straightforward terms and quick approval process make it a go-to for many users in need of immediate financial assistance.
- Timiza
Offered by Absa Bank, Timiza promises fast loan approval with funds disbursed directly into your M-Pesa account within five minutes. With loan amounts reaching up to KSh 150,000 and a monthly interest rate of 1.56%, plus a 5% origination fee, Timiza offers a reliable and efficient way to access funds quickly.
Read: Loan Apps in Kenya with No CRB Check
- Zenka
Zenka is known for its fast loan approval, often completing the process in 15 minutes. The Zenka app offers loans ranging from KSh 500 to KSh 50,000, with first-time borrowers enjoying a zero-interest loan. Subsequent loans come with a one-time fee of 9% to 30%, making it a great option for those looking for quick, interest-free loans on their first request.
- LendPlus
LendPlus also guarantees loan approval within 15 minutes. Offering loans up to KSh 50,000, the app disburses funds directly to M-Pesa. LendPlus charges a daily interest rate of 2%, providing an efficient option for users in urgent need of funds.
- Senti
Senti provides instant loan approvals up to KSh 40,000, disbursed directly to M-Pesa. While the specific interest rates are not disclosed, Senti is known for its competitive rates, offering a hassle-free application process and quick access to funds.
- iPesa
For those seeking minimal documentation, iPesa provides loans within 10 minutes. This app offers amounts up to KSh 50,000, with interest rates ranging from 36% to 72% annually. It’s an ideal choice for users who need fast loans without the hassle of extensive paperwork.